63 Central St APT 111North ReadingMA01864
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in North Reading at 63 Central St APT 111, North Reading, MA, 01864 listed at $479,900 pairs $3,380/mo rent with a $2,349/mo payment. Total monthly income runs $3,380/mo. Return on cash invested measures 18.01% in year one, and rental yield registers 8.45% at a $479,900 basis. Equity gained on principal adds $3,097/yr, and annual property appreciation at 5% supports $132,588 by year five. Five-year ROI tracks 94.48% and total cumulative return in cash totals $150,309. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,380/mo property income relative to a $2,349/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
$582 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01864, North Reading, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,083 (100%) |
| Owner Occupied HU | 4,921 (80.9%) |
| Renter Occupied HU | 932 (15.3%) |
| Vacant Housing Units | 230 ( 3.8%) |
| Median Home Value | $798,032 |
| Average Home Value | $871,513 |
Housing Distribution
Address Breakdown
Residential
6,018
Single Family
5,174
Multi-Family
844
Businesses
612
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Listed by: The Janice Sullivan Team • LAER Realty Partners
Mls Name: MLS PIN
Mls ID: #73367255
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